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FDI into Shanghai fastest in 2 years
By Wang Yanlin |
December 31, 2010, Friday
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Online Edition
Online Edition
FOREIGN direct investment in Shanghai expanded at the fastest pace in two years in 2010 with more overseas funds pouring capitals into the city's priority industries, the Shanghai Commission of Commerce said today.
Shanghai attracted a total of US$15.3 billion contracted foreign investment in 2010, up 15.1 percent from 2009. The pace picked up dramatically from a 4.5 percent rate in 2009 when the global financial crisis sealed the pockets of foreign investors.
Shanghai will continue to improve its investment environment for foreign companies, and encourage them to retain core business in the city while operational costs are rising.
The commission will also encourage more cooperation between foreign-funded companies and state-owned enterprises as well as private firms, a senior official at the commission said.
Shanghai attracted a total of US$15.3 billion contracted foreign investment in 2010, up 15.1 percent from 2009. The pace picked up dramatically from a 4.5 percent rate in 2009 when the global financial crisis sealed the pockets of foreign investors.
Shanghai will continue to improve its investment environment for foreign companies, and encourage them to retain core business in the city while operational costs are rising.
The commission will also encourage more cooperation between foreign-funded companies and state-owned enterprises as well as private firms, a senior official at the commission said.
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